Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

The homeowners of one property stated that their neighbors are a nuisance. The neighbor’s property is an eye-sore. Could being located next to a property that is an eye-sore cause a loss in market value to your home? How does an appraiser look for evidence?

Zillow Zinged

Cleveland Appraisal Blog

For years, Zillow Zesimates have been zinged by real estate professionals for creating angst in the market by their unsupportable value estimates. I regularly work for investors who hire me to appraise a home they are interested in buying. Type of property – Single-Family Residential.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Role Play: Appraisers and their Intended Uses

Appraisal Buzz

Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. In truth, human appraisers fill two vitally important roles today, (1) we collect information and (2) we analyze it so it can be presented to our clients.

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Opportunities for appraisers in 2022.

Does Your Property Need to Be Jacked Up?

Cleveland Appraisal Blog

Occasionally, when performing appraisal inspections/observations, I see homes that suffer from serious settlement issues. I once appraised a home that had a noticeable tilt to it when walking through. That’s a real stand-up guy! They made me a better appraiser!

Seminar Addresses Common Complaints Against Appraisers Through Case Studies

Appraisal Buzz

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common.

NAR and Representation of Appraisers

Appraisers Blog

As Real Estate Appraisers, we are encountering an assault on our profession from the GSE’s with the hybrid appraisal reports, the rollout of the new desktop product and with appraisal waivers. As appraisers, we need. Related Posts: Are You a Hybrid Appraiser?

Racial Bias in Real Estate: Is it the Appraisers’ Fault?

Appraiserblogs

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages. appeared on Appraisers Blogs.

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it.

Appraisers Share Their Top Professional Goals for 2022

McKissock

Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As real property appraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve.

Appraisers Share Their Top Professional Goals for 2022

Appraisal Buzz

Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As real property appraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve.

Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

How to Upgrade Your Appraisal License

McKissock

You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly.

Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

The Value of Words in Valuation

Appraisal Buzz

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Summary, What Does it Mean?

How to Become a Certified General Appraiser

McKissock

As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers, also known as commercial appraisers. Are you growing tired of appraising simple properties? How to upgrade your appraisal license.

Reconsideration of Value and Appraisers

Appraisal Today

Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. My comments : ROVs are a PITA for many appraisers. Greg Stephens is a very experienced appraiser and reviewer. Appraisal Business Tips

How to Become a Property Appraiser

McKissock

There are many opportunities for new real estate appraisers entering the profession today. The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. What’s it like to be an appraiser?

How to Become an Appraiser in 3 Steps

McKissock

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. How to become an appraiser. An appraiser’s career path.

ASC initiates appraisal standards, appraiser qualification criteria

Valuation Review

This is in conjunction with policies established by The Appraisal Foundation’s Appraisal Standards Board and the Appraiser Qualifications Board

Fannie Mae and Freddie Mac Desktop Appraisals: Your Questions Answered

McKissock

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. McKissock does not endorse any position regarding whether appraisers should accept or reject desktop appraisal assignments. What is a desktop appraisal?

Appraisals and Water Frontage

Appraisal Today

Appraisals and Water Frontage. The moral of this story is that when you see open land between your subject property and the water, review ownership and the local building and zoning department’s comprehensive land use plan. Appraisers called very rarely. Humor for Appraisers.

Seminar Addresses Common Complaints Against Appraisers Through Case Studies

McKissock

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common.

‘Appraise only the real estate,’ industry veteran says

Valuation Review

Valuation Review concludes its conversation with Julie Friess, chief appraiser of Sedona Appraisal Research Associates, for more insight on the definitions of long-term rentals. Friess also discussed specifics about real estate and real property.

What Is a Reconciled Value?

Cleveland Appraisal Blog

Have you ever read thru an appraisal report? The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised.

Why Do People Choose a Real Estate Appraisal Career?

McKissock

There are an estimated 75,100 licensed appraisers in the U.S., Top reasons people enjoy a real estate appraisal career. Appraisers share the following as the top reasons they enjoy the appraisal profession: Potential to earn a high income.

Is Now a Good Time to Become an Appraiser?

McKissock

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

How to reduce appraisal turn times and improve the borrower experience

Housing Wire

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? Appraisers don’t need better management of an outdated process.

Trust But Verify: Insights from a Seasoned Appraiser

McKissock

” This statement definitely applies in the appraisal of real property. But the real issue in the example is that reading skills increase with age, and coincidentally, so does shoe size. Certainly many factors in appraising have a causal relationship.

HOA 62

7 Key Considerations for Using a Restricted Appraisal Report

McKissock

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. Before you take on a Restricted Appraisal Report, here are some important things to consider.

Do You Need a College Degree to Become an Appraiser?

McKissock

Consider becoming a real estate appraiser. ” and “How much money can you make as an appraiser?” What are the requirements to become an appraiser? Real property appraiser qualification criteria*. How much do appraisers make?

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ?

Ask an Appraiser

National Association of Realtors

Peter Gallo, Chair of the NAR's Real Property Valuation Forum presents a live form featuring a panel of residential, commercial, and review appraisers

Q&A: Is It Time to Take On an Appraisal Trainee?

McKissock

Appraisers are often reluctant to take on an appraisal trainee. They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood.

Appraising Industrial and Flex Buildings: What Info Do You Need?

McKissock

Why might you be engaged to appraise a single or multi-tenant industrial or flex style office building? What information do you need when appraising industrial and flex buildings ? There are any number of reasons why you would be engaged to appraise an industrial or flex style property.

How Does the VA Appraisal Panel Operate?

McKissock

The VA uses state-licensed or state-certified appraisers to provide opinions of value for the homes on which it guarantees the mortgages. In order to complete a VA appraisal , you must be on the VA panel. Here’s an overview of how the VA appraisal panel operates. Appraisal fees.

Top 6 Commercial Appraisal FAQ’s

Simonson Real Estate

So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. What is the Role of the Appraiser? What Standards are Appraisers Required to Comply With?

ANSI Square Footage Standards: What Agents and Appraisers Should Know

Empire Appraisal Group

ANSI Square Footage Standards: What Agents and Appraisers Should Know. Source: ANSI Square Footage Standards: What Agents and Appraisers Should Know | Realtor Magazine. You sell the property and, when the appraisal comes back, it shows only 1,000 square feet of above-grade space.

4 Key Disclosures and Disclaimers for Hybrid Appraisal Reports

McKissock

There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report. Property inspection disclaimer.

What’s New in Appraisal Membership: September 2021

McKissock

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. WHERE does the appraiser locate information to support these two opinions?